Neoclassical economics does not hold which of the following assumptions?

A) People are fundamentally rational.
B) People can make errors initially, but they learn quickly.
C) People's errors are random and rare.
D) People make regularly repeated mistakes.

Repeated Mistakes

The act of making the same errors multiple times, often hindering progress or learning in any context.

Neoclassical Economics

Neoclassical economics is a school of thought that emphasizes rationality, market equilibrium, and the efficiency of markets in allocating resources.

Rational

Behaviors and decisions that maximize a person’s chances of achieving his or her goals.